5-bed · 5,458 sqftSavannah, Arabian Ranches · completed 2006

V023, Savannah

Sold prices and rental history: sold once, by the developer in January 2007, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 3.02M24 January 2007
Current rentAED 420K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V023, Savannah

What is V023 worth today?

Last sold for AED 3,024,888 in 2007

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20 Nov 2024RentedRenewal
AED 420,000/yr12 months · AED 77 per sqft
20 Nov 2022RentedNew contract
AED 420,000/yr24 months · AED 77 per sqft
1 Oct 2021RentedNew contract
AED 340,000/yr12 months · AED 62 per sqft
22 Mar 2021RentedNew contract
AED 280,000/yr12 months · AED 51 per sqft
22 Mar 2020RentedNew contract
AED 270,000/yr12 months · AED 49 per sqft
1 Jan 2018RentedRenewal
AED 150,000/yr12 months · AED 27 per sqft
1 Jan 2016RentedRenewal
AED 150,000/yr12 months · AED 27 per sqft
1 Jan 2015RentedNew contract
AED 150,000/yr12 months · AED 27 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
5-bed villa
Size
5,458 sqft
Developer
Emaar
Completed
2006
Service charge
AED 16,800 /yr
Last sold
AED 3.02M · January 2007
Community
Savannah

About V023, Savannah

V023 is a five-bedroom villa of 5,458 sqft in Savannah, a villa community in Arabian Ranches completed in 2006 by Emaar. The developer sold it on 24 January 2007 for AED 3,024,888, or AED 554 per sqft, 37% above the AED 403 five-beds in the community were fetching at the time.

It has been rented continuously since 2011 on 9 Ejari contracts. The current contract, renewed on 20 November 2024, is AED 420,000 a year: a gross yield of 13.9% on the 2007 price, before the service charge of about AED 16,800 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical five-bed in Savannah
5M10M2007201220172022Typical sale price by year: 2007 AED 1,812,888; 2008 AED 3,333,888; 2009 AED 3,017,576; 2010 AED 4,425,000; 2011 AED 4,075,000; 2012 AED 5,200,000; 2013 AED 5,640,000; 2014 AED 6,550,000; 2015 AED 6,300,000; 2016 AED 5,000,000; 2018 AED 4,500,000; 2020 AED 4,200,000; 2021 AED 5,900,000; 2022 AED 7,000,000; 2023 AED 8,375,000; 2025 AED 10,650,000Sold by developer, January 2007: AED 3,024,888 (AED 554 per sqft)

V023 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa V023, each contractTypical five-bed in Savannah
200K400K2011201520192023Typical rent by year: 2012 AED 307,500; 2013 AED 285,000; 2014 AED 312,500; 2015 AED 325,000; 2016 AED 315,000; 2017 AED 300,000; 2018 AED 275,000; 2019 AED 277,500; 2020 AED 240,000; 2021 AED 250,000; 2022 AED 285,000; 2023 AED 436,910; 2024 AED 460,000; 2025 AED 526,500New contract, January 2011: AED 150,000 a yearNew contract, January 2015: AED 150,000 a yearRenewal, January 2016: AED 150,000 a yearRenewal, January 2018: AED 150,000 a yearNew contract, March 2020: AED 270,000 a yearNew contract, March 2021: AED 280,000 a yearNew contract, October 2021: AED 340,000 a yearNew contract, November 2022: AED 420,000 a yearRenewal, November 2024: AED 420,000 a year

Annual rent on each registered contract; the dashed line is the five-bed median of each year in the community.

5-beds in Savannah, and where V023 sits

All 71 5-beds →

V023 last sold in January 2007 at AED 554 per sqft, 37% above what five-beds in Savannah were fetching at the time (AED 403). Over the last 12 months five-beds sold for AED 10,650,000, around AED 2,076 per sqft, and rent for AED 200,000 to 200,000 a year.

Recent 5-bed salesVilla no.Price (AED)Summary
16 Dec 202510,650,000
4 Feb 20258,784,000
16 Jan 202511,600,000
8 Dec 202310,800,000
1 5-bed sale in the last 12 months

Savannah

Community

221 villas, 3-bed to 5-bed in Arabian Ranches, completed in 2006 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,689
Typical sale
AED 10.4M
Typical rent
AED 319K /yr
Typical yield
3.2%
Savannah, Arabian Ranches: prices, sales and rents →

V023, Savannah in numbers

  • Sold once: by Emaar on 24 January 2007 for AED 3,024,888, or AED 554 per sqft.
  • Rented since January 2011 on 9 Ejari contracts, from AED 150,000 to AED 420,000 a year.
  • At AED 420,000 a year the gross yield on the 2007 price is 13.9%, before a service charge of about AED 16,800 a year (AED 3.08 per sqft).
  • Five-beds in Savannah sold for AED 10,650,000–10,650,000 in the 12 months to November 2026; the community's median across all types is AED 2,689 per sqft.

Source: Dubai Land Department. Updated 20 November 2024.

Questions about V023, Savannah

What did villa V023 last sell for?

AED 3,024,888 on 24 January 2007, sold by the developer: AED 554 per sqft for 5,458 sqft. It is the only registered sale of the villa.

What is the rent for villa V023?

AED 420,000 a year on the contract renewed on 20 November 2024. The previous contract, from November 2022, was AED 420,000; the villa has been rented since January 2011.

How big is villa V023?

5,458 sqft (507.1 sqm): a five-bedroom villa in Savannah, completed in 2006.

What is villa V023 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Savannah sold for AED 10,650,000 to 10,650,000 in the last 12 months, around AED 2,076 per sqft.

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Mortgage on V023, Savannah

Starts from the last sale price (AED 3.02M, 24 January 2007). Switch to today's estimate once you have unlocked it.
Price
AED 3,024,888
Deposit, UAE resident (20%)
AED 604,978
Deposit, non-resident (40%)
AED 1,209,955
Monthly over 25 years at 3.7%
AED 12,376

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →